Darlington Building Society.
About Darlington Building Society.
The Darlington Building Society was formed over 150
years ago in 1856, as the Darlington Working Men's Equitable Permanent Building
Society. Today they offer a range of savings accounts, mortgages and insurance
products. They are members of the building societies association and authorised
and regulated by the FSA.
Darlington Building Society Information.
Head Office – Darlington Building Society, Sentinel
House, Lingfield Way, Darlington, County Durham DL1 4PR. Tel (01325) 366366
Branch Offices –
26 Market Place, Barnard
Castle, County Durham DL12 8NB
33 Queensway, Billingham,
Teesside TS23 2ND
Wverley House, 116
Newgate Street, Bishop Auckland, County Durham DL14 7EN
20 West Auckland Road,
Cockerton, County Durham DL3 9EP
8-10 Tubwell Row,
Darlington, County Durham DL1 1NX
8 Westgate, Guisborough,
Teesside TS14 6BA
4 Jubilee House, York
Road, Hartlepool, Teesside TS26 9EN
29-31 Corporation Road,
Middlesbrough, Teesside TS1 1LP
124 High Street,
Northallerton, North Yorkshire DL7 8PQ
9 High Street, Redcar,
Teesside TS10 3BY
21 High Street, Stockton,
Teesside TS18 1SP
81 High Street, Yarm,
Teesside TS15 9BG
Savings Accounts – Darlington offers a range of savings
accounts including fixed rate bonds, children’s account, regular savers, club
and company accounts, monthly income accounts, instant access, notice accounts
and tax free cash isa’s.
Mortgage Accounts - Mortgages include Discount
Mortgages, First Time buyer Mortgages, Buy to Let Mortgages, Standard Variable
Rate, Tracker Mortgages and Fixed rate Mortgages.
Insurance – Life Insurance & Home Contents &
Buildings Insurance.
Other Services – N/A
Financial Results Year ended 31/12/2011
Profit after tax for the year £240,000.
Gross lending was £67.0m for the year (2010: £35.5m) and overall
mortgage balances rose to £401.9m (2010: £397.9m). The total amount outstanding n nine loans (2010: nine) where payments were 12 months or more in arrears was 1.18m (2010: £1.18m). The aggregate of arrears outstanding on these cases amounted
to £0.09m (2010: £0.12m), representing 0.02% (2010: 0.03%) of outstanding loan alances and at the year end they held 3 properties in possession.
Total assets of the Group at 31 December 2011 were £523.7m
(2010: £531.1m). This represented a small decrease of 1.4% from the previous ear (2010: 8.9%) and was consistent with expectations.
Financial Results Year Ended 31/12/2010
For the year they made a profit after tax of £737,000
(£555,000).
Mortgage Lending – Gross lending was £35.5m for the
year (2009: £12.3m). Despite this mortgage balances fell to £397.9m (2009:
£446.9m). The total amount outstanding on nine loans (2009: nine) where
payments were 12 months or more in arrears was £1.18m (2009: £0.84m). The
aggregate of arrears outstanding on these cases amounted to £0.12m (2009:
£0.10m), representing 0.03% (2009: 0.02%) of outstanding loan balances.
Savings – A successful postal savings account was added
to their existing portfolio during the year. In addition their range of fixed
rate bonds continued to be popular as savers sought the certainty for a period
of one, two or five years.
Darlington Building Society Directors
Chairman Christopher J Fleetwood, James D A
Ramsbotham, Kathleen A Davies, David A Dodd, Andrew T Gosling, Janice Lincoln, Kevin McGuinness, Paul Richardson, Alison C Thain and K Lucy H Winskell. Membership Numbers – The Darlington Building
Society has 6,795 borrowing members and
76,740 investing (saving) members.
Other information – website darlington.co.uk. | 
